• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Heavy discount narrows on tight inventories

October 8, 202012:43 PM Reuters0 Comments

Sask oil pumpjackCanadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed on Thursday with tight inventories in focus.

Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $9.50 per barrel below WTI, according to NE2 Canada Inc. It settled on Wednesday at $9.75 under.

Western Canadian inventories sit at multi-year lows, but differentials are likely to widen into early 2021 as production continues to return to market and pipelines increase rationing of space, said John Coleman, principal analyst at Wood Mackenzie.

Light synthetic oil from the oil sands for November delivery traded at $3.50 below WTI, wider than Wednesday’s settle of $3.25 under.

Global oil prices rose on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway. 29dk2902l

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Canada unveils GHG reduction credits to boost carbon trading market
  • Canada’s weekly rig count drops 5 to 172
  • AER suspends SanLing Energy Ltd.’s operations
  • U.S. drillers add oil and gas rigs for second week in a row
  • Tamarack Valley Energy upsizes previously announced financing

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.